Near Term Trend: Neutral
As of 3/9/18 close: 0.78455
UPDATE: Last week, I suggested selling rallies to 0.7773 with stops above that level and with a target of 0.76604.
The AUDUSD broke through possible resistance at 0.77730 and appears to have completed five waves higher. AUDUSD is likely headed higher, but likely after a brief retrace of the recent gains.
I would look to cover shorts and get long down at 0.77735 with stops on longs on any close below 0.77500 and with an upside target of 0.79200.